What is a 'professional client'? Definition & meaning

More terms

Profit and Loss Statement (P&L)

A statement that summarises firm's expenses, costs, and revenues incurred during a time period. AKA income statement.

Bond

Learn what a bond is

Wall Street

A street in New York that became a figure of speech for the financial markets of the US.

Forward pricing

Mutual funds are traded on a forward pricing basis, meaning the price you see will be different to the price you may trade at.

Xetra

A trading venue operated by the Frankfurt Stock Exchange.

Coupon

Also called a dividend, this is the fixed annual interest paid to gilt holders. It’s usually paid in two equal, semi-annual instalments and expressed as a percentage of the nominal value of the gilt.

52-week high/low

The highest, or lowest, price a share has traded at in a passing year.

Maturity date

The date on which a gilt is redeemed and the gilt holder receives the repayment of the nominal amount and final dividend or coupon payment.

Equity ETF

An exchange-traded fund that is comprised of a set of stocks.

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